Motorola Solutions Inc was declined to dismiss a class action lawsuit filed against the company over allegations that it misled its shareholders about deteriorating prospects for its cellphone business, resulting in investment losses.
On Monday, US District Judge Amy St. Eve in Chicago ruled there is a "genuine dispute" as to whether predecessor company Motorola Inc in 2006 and early 2007 hid key information about its ability to compete with such rivals as Nokia Oyj and Samsung Electronics Co Ltd.